Phillips Financial Management LLC Sells 3,351 Shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Phillips Financial Management LLC lessened its position in Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 5.1% in the third quarter, HoldingsChannel reports. The fund owned 62,463 shares of the company’s stock after selling 3,351 shares during the quarter. Phillips Financial Management LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $3,193,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. TIAA Trust National Association grew its position in Vanguard Tax-Exempt Bond ETF by 21.4% in the 2nd quarter. TIAA Trust National Association now owns 13,830,411 shares of the company’s stock valued at $693,044,000 after purchasing an additional 2,441,163 shares during the period. Jane Street Group LLC acquired a new position in shares of Vanguard Tax-Exempt Bond ETF during the first quarter valued at about $82,895,000. Sanctuary Advisors LLC bought a new stake in shares of Vanguard Tax-Exempt Bond ETF during the second quarter worth about $71,067,000. Creative Planning raised its holdings in shares of Vanguard Tax-Exempt Bond ETF by 3.2% in the 2nd quarter. Creative Planning now owns 25,601,034 shares of the company’s stock worth $1,282,868,000 after acquiring an additional 796,659 shares during the last quarter. Finally, Koss Olinger Consulting LLC bought a new position in Vanguard Tax-Exempt Bond ETF in the 2nd quarter valued at about $33,945,000.

Vanguard Tax-Exempt Bond ETF Trading Up 0.3 %

VTEB stock opened at $50.53 on Monday. Vanguard Tax-Exempt Bond ETF has a 52-week low of $49.00 and a 52-week high of $51.17. The business has a 50-day simple moving average of $50.69 and a two-hundred day simple moving average of $50.46.

Vanguard Tax-Exempt Bond ETF Profile

The Vanguard Tax-Exempt Bond ETF (VTEB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-weighted index of investment-grade debt issued by state and local governments and agencies. Interest is exempt from US income tax and from AMT. VTEB was launched on Aug 21, 2015 and is managed by Vanguard.